STATISTICAL TECHNIQUES AND TOOLS
MEASURES OF VARIABILITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The mathematical difference between the highest (maximum) value and lowest (minimum) value in a data set.
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Mean Deviation
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Range
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Standard Deviation
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Variance
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Explanation:
Detailed explanation-1: -The difference between the highest and the lowest values in the given set of data is called the ‘range’ of the data.
Detailed explanation-2: -The difference between the maximum and the minimum observation in the data is called Range.
Detailed explanation-3: -Range measures the total spread of the data. The range is the difference between the highest and lowest values. A larger range indicates a greater spread in the data.
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